U.S. consumer spending rises steadily; income tepid
U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which could confine the economy to a...
Chevron swings to quarterly loss on $10.4 billion impairment charge
Chevron Corp on Friday posted a fourth-quarter loss as the oil major booked an impairment charge of $10.4 billion related largely to a deepwater Gulf...
Futures slide as virus outbreak fans growth fears
Caution about the economic impact of the coronavirus epidemic knocked U.S. stock index futures lower on Friday, more than offsetting a boost from the latest...
Wars and viruses: Are robots less prone to market panic?
Widely blamed for volatile “flash crashes” in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to...
Exxon quarterly profit falls 5.2% on weak refining, chemical margins
Exxon Mobil Corp reported a 5.2% drop in fourth-quarter profit on Friday, hit by weaker margins in its refining and chemical business....
Wars and viruses: Are robots less prone to panic?
Widely blamed for volatile “flash crashes” in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to...
Global funds prefer stocks despite risks still at play
Funds increased their preference for stocks to a two-year high at the expense of bonds and cash holdings in their model global portfolio recommendations this...
Top U.S. fund firms split over new limits on shareholder votes
Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues...
Factbox: Airlines suspend China flights due to coronavirus
Airlines are suspending flights to China in the wake of the new coronavirus outbreak, which as of Friday had killed more than 200 people and...
OPEC curbs, supply risks to buoy oil prices in 2020: Reuters poll
Oil prices will remain supported near current levels this year as persistent geo-political risks and OPEC-led output curbs help offset growing supply from other producers,...